A Personal loan is simply borrowing from an associate when in need. It has numerous advantages.
- A Personal loan is unsecured and is given without any security or collateral based on income and KYC documents.
- Funds via a personal loan are quick to get in an emergency, and the processing time is within 72 hours.
- The interest rate for a personal loan is low compared to other credit sources, and the repayment tenure is flexible.
- A personal loan helps to consolidate all debts under a single umbrella and build a good credit score.